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NordFX Review

Broker Information Security Popularity Payment Spec Instruments Score
Security E
Popularity E
Payment A
Spec A
Instrument A
E
E
A
A
A
score 49
NordFX
  Regulation 10  
VFSC
  Security 63  
Established more than 10 years
  Instrument 91  
Forex
Crypto
Gold
  Platform 44  
MetaTrader 4
  Payment 92  
Credit/debit card
Neteller
WebMoney
Skrill
Perfect Money
Wire
  Features 100  
PAMM
Education
Automated trading
Manage
Vps
  Spec 100  
Hedging
Scalping
Leverage more than 1:500
Fixed Spread

💲 Min Deposit $10

Year Established 2008

💼 Regulation

💡 Min Position 0.01 lot

🌐 Website nordfx.com

🌎 Country Saint Lucia

Max Leverage 1:1000

👨‍💻 PAMM

📈 Managed accounts

📖 Free education

🗺 Vps

NordFX is a well-established broker since 2008. NordFX has a headquarter in Saint Lucia. NordFX to provide their Forex/CFD trading services to over 4 million clients.

This broker has also been regulated by VFSC 15008.


Extensive Review

NordFX is known as an online Forex and CFD broker company operating in Vanuatu. Following the norm of forex brokers in the country, NordFX is registered under the Vanuatu Financial Services Commission (VFSC). Although not as popular as Cyprus as an offshore destination, Vanuatu still serves as one of the main offshore jurisdictions for retail online brokers.

One of the main advantages of opening a trading account in NordFX is the simplicity in trading registration and flexibility in trading conditions. Those characteristics somehow offset the negative sides of offshore brokers that concern the majority of traders with big deposits.

As for NordFX, the maximum leverage offered reaches up to 1:1000, allowing traders to dream big with small capitals (but high-disciplined trading rule and psychology). The available instruments vary from tens of forex pairs, commodity-based CFDs, and index-based CFDs. This allows traders to get involved in not only currency markets but also stock indices, precious metals, and oil markets.

Compared to other forex brokers with a similar level of credibility, NordFX is quite generous in its spread policy. The Pro and Zero accounts are equipped with spreads starting from 0.9 pips and 0.0 pip respectively. Yet, the Fix account is presented with 2 pips spread, which is quite ironic since the account is the most suitable for small traders with a minimum deposit starting only from $10.

Here are the basic specifications for each account types in NordFX:

Fix Account

  • Minimum deposit: $10
  • Spread: from 2 pips
  • Leverage: up to 1:1000
  • Account Balance: in USD, ETH, and BTC
  • Quote precision: 4 digits
  • Commission: None

Pro Account

  • Minimum deposit: $250
  • Spread: from 0.9 pips
  • Leverage: up to 1:1000
  • Account Balance: in USD, ETH, and BTC
  • Quote precision: 5 digits
  • Commission: None

Zero Account

  • Minimum deposit: $500
  • Spread: from 0.0 pips
  • Leverage: up to 1:1000
  • Account Balance: in USD, ETH, and BTC
  • Quote precision: 4 digits
  • Commission: 0.0035% per trade (each side)

For platform choices, trading in NordFX allows the use of both MetaTrader 4 and MetaTrader 5; all available for desktop and mobile interfaces. It signifies the broker's initiative to keep up with current trends as MetaTrader 5 is starting to gain followers, while MetaTrader 4 is kept to facilitate its faithful users. Both have a tremendous selection of Expert Advisors, custom indicators, as well as Strategy Providers in their built-in mirror trading feature.

NordFX accepts payment from nearly all of the popular online methods among retail traders around the globe. Hence, it’s not surprising to see it offering traders a wide range of payment methods that include Bank Transfer, Visa, MasterCard, WebMoney, Skrill, Neteller, Perfect Money, Qiwi, and many others. However, NordFX hasn't accepted payments via cryptocurrency wallets even though the broker is starting to promote the digital asset as its latest recommended trading instrument.

To conclude, NordFX may hold the unavoidable impression of being an offshore forex broker. However, it is still highly competitive and considered ideal as traders' preferred choice for a broker with zero spread conditions and flexible leverage. Since the loose trading condition usually goes hand in hand with a high-risk trading environment, it is also important to implement cautious measurements on all front when calculating money management and risk management in NordFX.

Account Information

Apart from the forex demo account, this broker offers Zero, Pro and Fix. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by NordFX is up to 1: 1000. Meanwhile, you can open an account with a starting capital of $10.

pin

Min Deposit

$10

pin

Max Leverage

1:1000

pin

Spread

Variable and Fixed

If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:



💲 Min Deposit $500

💡 Min Position 0.01 lot

🔢 Spread Variable

📉 Scalping

🤖 Expert Advisors

💱 Hedging

Trailing stop

Pending orders

1️⃣ One-click trading

Automated trading

💸 Commission

Instruments Traded

Besides lots of currency pair, NordFX also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for Zero account, NordFX specifically provides it with the following instruments and leverage:


Forex

Forex
1:1000

Gold & silver

Gold & silver
1:1000

Crypto

Crypto
1:1000


💲 Min Deposit $250

💡 Min Position 0.01 lot

🔢 Spread Variable

📉 Scalping

🤖 Expert Advisors

💱 Hedging

Trailing stop

Pending orders

1️⃣ One-click trading

Automated trading

💸 Commission

Instruments Traded

Besides lots of currency pair, NordFX also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for Pro account, NordFX specifically provides it with the following instruments and leverage:


Forex

Forex
1:1000

Gold & silver

Gold & silver
1:1000

Crypto

Crypto
1:1000


💲 Min Deposit $10

💡 Min Position 0.01 lot

🔢 Spread Fixed

📉 Scalping

🤖 Expert Advisors

💱 Hedging

Trailing stop

Pending orders

1️⃣ One-click trading

Automated trading

💸 Commission

Instruments Traded

Besides lots of currency pair, NordFX also offers some instruments you would like to trade on, such as Forex, Gold & silver and CFD for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for Fix account, NordFX specifically provides it with the following instruments and leverage:


Forex

Forex
1:1000

Gold & silver

Gold & silver
1:1000

Payment Methods

WebMoney : WebMoney is one of the major online wallet services which many people use to send money around the world. For this reason, there is a large number of forex brokers that accept WebMoney today. Like other online payment services today, WebMoney is supported by mobile applications to make transactions more efficient.

Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.

Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.

Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.

NordFX also provides payment with Perfect Money, Dragonpay and Credit/debit cards



Trading Platforms

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.

Hereby, NordFX offers you MetaTrader 4 (Limited with 14 days of inactivity).

Customer Support

Do you have any question or find any trouble related to NordFX? If you do, you should reach NordFX's support to get the information that you need. Here is the detail of the broker's customer support:

Website Languages

Arabic
Bengali/Bangla
English
Spanish
Persian
Hindi
Indonesian
Malay
Portuguese
Singhalese
Thai
Vietnamese
Chinese

Office Support

Email Support

Call Support

Chat Support



FAQ About NordFX

A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if NordFX is a good broker for you or not by reviewing the criteria. In general, NordFX provides trading service in Forex , Gold & silver , CFD and Crypto . As for the payment methods, you can choose between WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller, Perfect Money and Dragonpay. The customer support is available via Email, Web form, Phone, Callback and Live chat.


The starting capital in NordFX is $10.


NordFX is regulated by VFSC 15008. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.


NordFX is a brokerage company offering trading services for clients since 2008 with offices in Saint Lucia.



NordFX News
David Tristan
NordFX's relocation to St. Lucia amid regulatory changes raises trader concerns. Caution urged as client agreements shift to unregulated entity.
Claravia Sidney
This fantastic number of accounts is a milestone for NordFX. The broker, which has been established since 2008, has also won various awards.
Testimonials
India
N Narayna
Account Number: (1656xxx)
Jan 17 2023
 
I am client of NORDFX since last five years.Very good... More
Singapore
H Haley
Sep 11 2020
 
I trust NordFX. I joined last month. After that I... More
United States
S Sophie
Sep 8 2020
 
NordFX is a scam broker. Please beware of this broker.... More
United States
P Parth
Sep 6 2020
 
I really appreciate NordFX system about their deposit and withdrawal... More
Canada
H Hudson
Sep 5 2020
 
Thank you NordFX for the best service. I joined NordFX... More
Taiwan
K Katie Chung
Sep 3 2020
 
NordFX broker is a scam. They will never allow you... More

1 Comment

A

Acsher

Jan 25 2024

I really like NordFX. It's easy to use, and they've been around since 2008, which is cool. I feel safe using it because they follow the rules. I trade cryptocurrencies, and it's simple on NordFX. Customer support is great – they help me when I need it. With the awards they've won, it's clear they're doing a good job. If you're in Finland and want to trade, NordFX is a good pick.

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